Jefferson County Online
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The following is a chapter from "The History of Jefferson County, Iowa", Page 293, published by the Western Historical Company of Chicago in 1879.
The legal rate of interest is six per cent. Parties may agree, in writing, on a rate not exceeding ten per cent. If a rate of interest greater than ten per cent. is contracted for, it works a forfeiture of ten per cent. to the school fund, and only the principal sum can be recovered.
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